Edit
) no-repeat top center;background-size:cover'>

To Forgive is Divine

October 27, 2011
Markets rallied strongly in response to the European developments. Yet it is an exaggeration to think that this rekindled risk appetites as the whole month of October has seen equities, emerging markets, commodities and foreign currencies trend higher, recovering from their neck-breaking, wealth-destroying plunge in September. Still the advance on…
To Forgive is Divine To Forgive is Divine Reviewed by Marc Chandler on October 27, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Look to Fade Relief Rally

October 27, 2011
Big sigh of relief that European officials delivered the bare minimum amount of details of the new plan, which are largely as had been anticipated here and elsewhere. The broad outlines consist of a 50% haircut on private sector holdings of Greek bonds, leveraging the EFSF 4-5x for firepower of around 1 trillion euros, 9% Tier 1 capital by mid-201…
Look to Fade Relief Rally Look to Fade Relief Rally Reviewed by Marc Chandler on October 27, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

A Follow Up to the Absence of a Muni Crisis in the US

October 26, 2011
On October 4th I wrote "One Crisis that Did not Materialize", which discussed the fact that the fears of hundreds of billions of dollar losses from defualts in the municipal bond market proved wide of the mark. Many were skeptical. Here is the latest data.
The Rockefeller Institute's analysis of Census Bureau data found that prelimin…
A Follow Up to the Absence of a Muni Crisis in the US A Follow Up to the Absence of a Muni Crisis in the US Reviewed by Marc Chandler on October 26, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Australia: Rate Cut Likely Next Week

October 26, 2011
Minutes from the recent RBA meeting kept the door ajar to a rate cut next week, and today's CPI figures, especially the fact that the preferred trimmed mean measure rose 0.3%, half as much as the consensus expected and bringing the year-over-year rate to 2.3% from 2.6%. Pushes the door wide open. Barring some major shock in the coming days, th…
Australia: Rate Cut Likely Next Week Australia: Rate Cut Likely Next Week Reviewed by Marc Chandler on October 26, 2011 Rating: 5
Edit
) no-repeat top center;background-size:cover'>

Berlusconi Cuts Deal: Et Tu Brute

October 26, 2011
Controversial Italian Prime Minister Berlusconi appears to have finally capitulated to international and domestic pressure. Press reports indicate that he has agreed to step down by January. This in turn will bring forward elections, probably to March 2012, a year earlier than Berlusconi had previously insisted.
Italy would join a number of other c…
Berlusconi Cuts Deal: Et Tu Brute Berlusconi Cuts Deal: Et Tu Brute Reviewed by Marc Chandler on October 26, 2011 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.